The following adjusted trial balance at December 31 of Wilson Trucking Company. Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking revenue Depreciation expense-Trucks Salaries expense Office supplies expense Interest expense Totals Debit $ 8,000 Credit 17,500 3,000 172,000 $ 36,000 85,000 12,000 4,000 58,000 30,000 140,000 20,000 130,000 23,500 61,000 8,000 12,000 $ 410,000 $ 410,000 Exercise 3-21 (Static) Preparing an income statement & statement of retained earnings LO C2 The Retained Earnings account balance was $140,000 at December 31 of the prior year. (1) Prepare the income statement for the year ended December 31. (2) Prepare the statement of retained earnings for the year ended December 31.